The state House, after trying to figure out a way not to tick off TXU, did just that yesterday. Though they came up with some sort of plan to cut electricity rates (which sounds more confusing than effective), they backed down from a plan to allow the state PUC to review the TXU sale. No doubt those 79 lobbyists and their piles of cash had something to do with it. Please keep this in mind when you go to the polls in 18 months when these people are up for re-election.
Curiously, after I wrote about this last week, I got an e-mail from Rep. Allen Vaught’s chief of staff, who asked me to call him to discuss the legislation. I called him. He never called back. Vaught voted for the rate cut, but there was apparently no vote taken to kill the bill to allow the PUC to review the sale.
